Zscaler shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $205 to $230.
Portfolio Pulse from Benzinga Newsdesk
Zscaler shares are trading higher following an upgrade from JP Morgan, which raised the stock's rating from Neutral to Overweight and increased the price target from $205 to $230.
June 14, 2024 | 1:05 pm
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POSITIVE IMPACT
JP Morgan upgraded Zscaler from Neutral to Overweight and raised its price target from $205 to $230, leading to a rise in Zscaler's share price.
The upgrade from a major financial institution like JP Morgan and the increase in the price target are strong positive signals for investors, likely leading to increased buying activity and a rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100